Required information [The fowowing information oppiles to the questions displayed below] Ramer and Knox began a partnership by investing 570,000 and 5105,000 , respectively. During is ferst yeacthe partnership earned $210,000. Prepare calculations showing how the $210,000 income is aloceted under each secserte plan for sharing income and loss. 3. The parthers agreed to share income by giving a $60,000 per year salary allowance to Ramec, a 542,000 per year salery alowance 3o Knox, 8% interest on their initial capital investments, and the remaining bolance shared equaly. Net income is 5210,000 . Note: Enter all allowances as positive values. Enter losses as negative values